Granite Construction - GVA Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GVA, but not buy additional shares or sell existing shares.
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2 brokers have issued 12 month price objectives for Granite Construction's stock. Their GVA share price forecasts range from $28.00 to $50.00. On average, they anticipate the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
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Granite Construction's stock was trading at $38.70 at the beginning of the year. Since then, GVA stock has decreased by 5.6% and is now trading at $36.52.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our GVA earnings forecast.

Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings data on Thursday, October, 28th. The construction company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.82 by $0.09. The construction company earned $1.06 billion during the quarter. Granite Construction had a trailing twelve-month return on equity of 7.13% and a net margin of 2.14%. During the same period in the prior year, the firm posted $0.90 earnings per share.

Granite Construction declared a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be given a dividend of $0.13 per share on Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for GVA.

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.42%. The dividend payout ratio is 41.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 17.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

Granite Construction updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.20 billion-$3.30 billion, compared to the consensus revenue estimate of $3.06 billion.

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Granite Construction's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.89%), Vanguard Group Inc. (11.69%), State Street Corp (6.32%), Dimensional Fund Advisors LP (6.07%), Bank of New York Mellon Corp (2.46%) and Bank of Montreal Can (2.38%).
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Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GVA stock can currently be purchased for approximately $36.52.

Granite Construction (NYSE:GVA) has a market capitalization of $1.60 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $1.26 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.